Road Ahead for Lacerte 2010 Users and its future in the clouds or should we say Application Hosting Services

Road Ahead for Lacerte 2010 Users and its future in the clouds or should we say Application Hosting Services

Road Ahead for Lacerte 2010 Users and its future in the clouds or should we say Application Hosting Services


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Home Page > Computers > Software > Road Ahead for Lacerte 2010 Users and its future in the clouds or should we say Application Hosting Services

Road Ahead for Lacerte 2010 Users and its future in the clouds or should we say Application Hosting Services

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Posted: Dec 03, 2010 |Comments: 0
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A revolution is due in tax preparation software. Many changes are made every year but none stand up to the expectations which changes the way the industry works. But things are changing fast and many experts believe that the next revolution is in the clouds.

Lacerte is your ideal software to host not because it has many obvious advantages of hosting but the class of firms which use Lacerte are which have moderate to complex client base. And it is for this client base that hosting is very beneficial.

Lacerte Tax Software continues to add new programs to hold its major share in the market of tax preparation software.

Let’s see the new features for Lacerte in the year 2010:

Planned additions for the expansion of business state practitioners, including federal fiduciary returns will include:

Federal 1041
NY 1041
NYC 1065, 1120, 1120S
OR 1120, 1120S
GA 1065
UT 1065, 1120, 1120S
MT 1065, 1120, 1120S
MN 1065, 1120, 1120S
IL 1120
CO 1065, 1120, 1120S
PA 1065, 1120, 1120S

 

Changes for e-filing:

Unlimited individual e-filing is included as an option with a Lacerte 1040 Unlimited license.
if the tax professionals are preparing more than 200 individual Federal or State returns then even more money can be saved by upgrading to Lacerte 1040 Unlimited with Unlimited e-file.
Free training as well as help will be provided by Intuit to the new preparers to get an IRS-issued EF IN.

 

New features are being added by Intuit based on client feed back

041 Client Organizer

It saves time and reduces errors while preparing 1041 returns and helps tax professionals easily gather documents and information from clients.

Lacerte tax software 2010 will include single member LLC in certain 1040 states, plus many more regional forms.
Extension Memo will help professionals to easily keep track of extension payments.
ProForma access rights will be granted to help tax professionals who protect clients’ returns, so that no one can overwrite returns that are already in progress. This is ideal for multi-user firms.

 

So much for what is new in Lacerte Tax software, lets now find out what is happening in the clouds. I think all the techies have gone crazy over the word cloud and made a mess of the word for a lay man. There is little benefit you can have from the word cloud if you are not all that concerned about how clouds are formed.

The word professionals should be concerned and associated with its Application Hosting Services. This basically means what services you will be offered when you host an application in the clouds. These services are your benefits over locally installed software which include how, when, where etc one can access their application

What is important about cloud is that it is a network which one can access from the web.

We make the concept of cloud hosting more complicated that is actually is for us. The concept is that the services that were previously run on your desktop through local servers will now be hosted on a network aka cloud on the web. This network can only be accessed by you through the web.

Let us see first see what are the benefits of cloud or Application hosting services.

To start with in most cases it reduces the initial investment in the IT department of the company drastically. This is a huge burden when the firm is hosting an application like Lacerte Tax Software.

Anybody who has done this will tell you how much attention and money goes into doing this.

The case has been made that in the long run the cost of the initial investment is recovered in the long run by the big player who have figured out the technical details of their company but if you have not figured out the IT department then chances are that you are far better with your services hosted than creating a whole new department.

Another big benefit of hosting that is ignored by many professionals is that it allows you to give your complete attention to your business, if you have a glitch in IT then just call the company that is hosting the service for you. This is ignored not because of the magnitude of the benefit but simply because people do not think their time in terms of resources as of yet.

Another big reason for not maintaining an IT department is the problem of security requirements; anyone who has fulfilled those requirements once can tell you this.

Then Application hosting services allows you to access your data from anywhere you have internet access, no trouble of working from office only. Imagine using your software from your home and on top of this it is safer and easily manageable also.

I don’t know how many of you have faced a glitch with data back-up at the crucial juncture of tax preparation, but it’s a problem which if one suffers one time then remains extra careful for the rest of his life. This is where most security companies are extra careful too, they keep two back-ups of your data so that such a situation never arises and you get saved from the head-ache to maintain back-ups altogether.

The question that everybody asks me when tell them this is that why is there so much fear with hosting. See the thing is people those who are against is not all wrong either which is mostly the case. But those fears have nothing to do with the average guy in the market trying to earn his bread and butter and wanting a little extra time with his wife and kids.

The fear is not so much for the individual company but the trend that is being created. I don’t know how you see this but the fear that the person whose data is to be kept safe does not know himself where it is kept- is a big fear in today’s market even though a small percentage of people actually get affected by it. But this is not my argument in context, my argument is that the hosting companies are themselves at a loss if

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